Macquarie Wealth Management has an "underperform" on Beadell Resources and a price target of 11¢ as it heads toward detailing production and costs in its quarterly report on October 22.
"An improved quarter from Tucano, but we believe the outlook still remains challenging.
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Elise Shaw writes on Markets specialising in Equity Markets, Commodities, Mining. Based in our Sydney newsroom, Elise has over 25 years experience as a finance and markets journalist and editor. Connect with Elise on Twitter.